Navigating Brazil’s complex tax system and understanding how to import goods can be challenging and time-consuming. Particularly for foreigners who are not accustomed to it. With the right support and local knowledge, it is manageable and possible for foreign companies to import mining technology, equipment, and services. Check out our guide to importing in Brazil.
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Peru Practical Advice – Employee Profit Sharing
The potential of the Peruvian mining industry is attracting many foreign companies to the market who are looking to provide equipment, technology, and services. It also means that companies need to adapt to new labor laws which are quite generous to workers in comparison to North America or Australia. One of the specific areas that companies need to consider when doing business in Peru is is how employee profit sharing works.
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Permanent Establishment when Servicing New Markets
Industrial technology companies rely on international markets since they often need to follow their clients to where the projects exist in the world. Working in foreign jurisdictions brings some unique challenges and risks. Permanent Establishment is one of them.
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Chile Tax Update – VAT to be charged by Professional Service Firms starting January 1st
For professional service firms, as of January 1, 2023, all services rendered will be subject to VAT. Previously, companies such as engineering, consulting, architects, legal, and accounting, did not charge VAT when invoicing clients. This now changes. Check out practical details inside.
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Joint Ventures – Getting them Right!
Joint ventures can be useful for foreign companies entering Latin America. Unfortunately, they often do not work out the way companies would hope. There is one stage of the process that can greatly improve the chances of success if it is done properly. Check out our blog this week for some good tips.
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How the Chilean Mining Royalty will Impact the Industry
The Chilean government introduced the tax reform bill with proposed increases to the mining royalty to help fund social programs such as health care and pensions. We have provided a high-level assessment to help you understand how the increase to mining royalty will impact the industry.
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